Global #Latin America

Itaú Unibanco, the largest private financial institution in Latin America, has officially recommended that investors allocate 1% to 3% of their portfolios to Bitcoin.

Nubank, Latin America's largest digital bank, is set to begin a pilot program integrating dollar-pegged stablecoins into its payment system, starting with credit card transactions.

Méliuz (CASH3), one of Brazil’s leading fintech platforms with over 30 million users, has officially become the largest publicly traded corporate holder of Bitcoin in Latin America.

Mercado Bitcoin (MB), the leading crypto platform in Latin America, has made a significant stride in the cryptocurrency space with the launch of its MBRL stablecoin, now live on the Tron blockchain.

Off-ramping cryptocurrency to local currencies can often be a cumbersome process, but Decaf is changing that landscape. Active since 2022, Decaf has enabled users in Latin America and Africa to easily convert their $USDC into local currencies.

Chainalysis' 2024 Geography of Cryptocurrency Report has revealed that Latin America is a burgeoning cryptocurrency market, ranking fifth globally in terms of transaction value.

The cryptocurrency landscape is witnessing a period of cautious behavior, particularly with the stablecoin USDC trading just below its peg of $1. Despite this fluctuation, USDC's daily trading volume remains robust, exceeding $8 billion, and its market capitalization has stabilized around $35.5 billion.

Argentina's Vice President, Victoria Villarruel, recently met with El Salvador's President, Nayib Bukele, during his visit to Buenos Aires, where the focus was largely on Bitcoin (BTC) and its implications for both nations.

Binance, one of the world’s leading cryptocurrency exchanges, has recently secured its 20th regulatory approval with its registration from Argentina’s National Securities Commission (CNV).

In a significant development for businesses in Latin America, Circle, the company behind the popular stablecoin USDC, has partnered with leading banks to enable direct local bank transfers.

In June 2021, President Nayib Bukele’s announcement that El Salvador would adopt Bitcoin as legal tender sent shockwaves through the global financial world. The official implementation of the law on September 7, 2021, marked an unprecedented experiment in digital currency.

In a significant move signaling its expanding investment strategy, Tether, the issuer of the USDT stablecoin, has acquired a substantial 9.8% stake in Adecoagro, a leading agricultural firm in Latin America.